Mytrah Energy Ltd Exercise of Options (0740K)

TIDMMYT

RNS Number : 0740K

Mytrah Energy Ltd

06 April 2018

6 April 2018

MYTRAH ENERGY LIMITED

Exercise of Options

Mytrah Energy Limited (the "Company") announces that it will issue a total of 9,803,323 new ordinary shares of no par value each ("New Shares") pursuant to the exercise of options by The Raksha Trust (the "Trust") at an exercise price of 0.1p per share.

The Trust is a Jersey based discretionary trust settled by Ravi Kailas, the Chairman of the Company, of which he, some of his family members (including Vikram Kailas, the Vice Chairman and MD of the Company), and a philanthropic trust are discretionary beneficiaries. Following issue of the New Shares the Trust will hold 104,554,353 ordinary shares of no par value representing 60.3% of the enlarged issued share capital of the Company.

Application will be made for the New Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM and dealings are expected to commence on or around 12 April 2018 ("Admission"). Following Admission there will be 173,439,323 ordinary shares of no par value in issue.

Enquiries:

 
 Mytrah Energy Limited (via Yellow 
  Jersey PR Limited) 
  Russell Walls                          +44 (0)7555 
  Rohit Phansalkar                           159 808 
 Investec (Nominated Adviser and 
  Joint Broker) 
  Jeremy Ellis 
  Chris Sim                           [phone] 
  George Price                                  4000 
 Mirabaud Securities LLP 
  Peter Krens                         [phone] 
  Rory Scott                                    3360 
                                         +44 (0)7747 
 Yellow Jersey PR Limited                    788 221 
  Charles Goodwin                        +44 (0)7555 
  Abena Affum                                159 808 
 

About Mytrah Energy Limited

Mytrah Energy Limited is a renewable power producer listed on the AIM market of the London Stock Exchange. The Company is one of the largest Independent Power Producers of the Indian renewable energy sector and a pioneer in this space. Mytrah has a portfolio of 2000MW of operational and under development renewable power projects across 9 Indian states (Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu). Mytrah also has one of the largest wind data banks in India. It is the only independent power producer with over 200 wind mast locations across the country.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 06, 2018 02:00 ET (06:00 GMT)